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09.04.2014 15:20:00
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Moody's: North American high-yield bond covenant quality improves in March
New York, April 09, 2014 -- The covenant quality of North American high-yield bonds improved in March, after it had reached a record low in February, Moody's Investors Service says in a new report, "Bond Covenant Quality Rebounds From a Record Low Set in February." Stronger covenants for B-rated bonds led to the improvement, which was constrained by a high percentage of high-yield lite bonds also during the month.
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